Blair William & Co. IL Sells 6,124 Shares of MongoDB, Inc. $MDB

Blair William & Co. IL reduced its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 293,886 shares of the company’s stock after selling 6,124 shares during the period. Blair William & Co. IL’s holdings in MongoDB were worth $123,341,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Central Pacific Bank Trust Division bought a new position in MongoDB during the 4th quarter worth $28,000. Cornerstone Planning Group LLC raised its position in MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 61 shares during the last quarter. International Assets Investment Management LLC bought a new position in MongoDB during the 4th quarter worth $33,000. Root Financial Partners LLC raised its position in shares of MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after acquiring an additional 32 shares in the last quarter. Finally, Global Trust Asset Management LLC bought a new position in shares of MongoDB in the 4th quarter worth about $38,000. 89.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Guggenheim reissued a “buy” rating and issued a $475.00 price objective on shares of MongoDB in a research report on Friday, May 29th. DA Davidson reissued a “buy” rating and issued a $375.00 price objective on shares of MongoDB in a research report on Friday, May 29th. Zacks Research raised MongoDB from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. The Goldman Sachs Group lowered their price objective on MongoDB from $475.00 to $320.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Finally, Citigroup reissued a “buy” rating on shares of MongoDB in a research report on Monday, June 8th. Twenty-eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $396.39.

MongoDB Price Performance

Shares of MDB opened at $348.81 on Wednesday. The stock has a 50-day moving average of $299.95 and a 200-day moving average of $335.21. The company has a market cap of $28.05 billion, a PE ratio of -942.73, a P/E/G ratio of 1,277.37 and a beta of 1.57. MongoDB, Inc. has a one year low of $196.00 and a one year high of $444.72.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.19 by $0.13. The company had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The firm’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same period last year, the business posted $1.00 EPS. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. Analysts expect that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Insider Transactions at MongoDB

In other news, Director Roelof Botha sold 44,050 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total value of $17,534,983.50. Following the completion of the sale, the director directly owned 150,550 shares in the company, valued at $59,929,438.50. This trade represents a 22.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Dev Ittycheria sold 40,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $383.16, for a total value of $15,326,400.00. Following the completion of the sale, the director owned 161,762 shares of the company’s stock, valued at approximately $61,980,727.92. This represents a 19.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 132,616 shares of company stock valued at $47,588,794. 2.60% of the stock is currently owned by corporate insiders.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.